AC Milan in Singapore

AC Milan fans, brace yourself! Join us for the exclusive meet and greet to get up close with club legend Daniele Massaro. Don't miss the opportunity to take a selfie with the Series A Trophy!

PUMA 313@Somerset Flagship Store

11 Nov, 6:30pm – 9pm

𝗖𝗮𝘁𝗰𝗵 𝗕𝗪𝗧 𝗔𝗹𝗽𝗶𝗻𝗲 𝗙𝟭® 𝗧𝗲𝗮𝗺 𝗗𝗿𝗶𝘃𝗲𝗿𝘀, 𝗙𝗲𝗿𝗻𝗮𝗻𝗱𝗼 𝗔𝗹𝗼𝗻𝘀𝗼 𝗮𝗻𝗱 𝗘𝘀𝘁𝗲𝗯𝗮𝗻 𝗢𝗰𝗼𝗻 @ 𝗜𝗢𝗡 𝗢𝗿𝗰𝗵𝗮𝗿𝗱

 

𝟰𝗽𝗺 𝗼𝗻 𝟮𝟵 𝗦𝗲𝗽𝘁 𝟮𝟬𝟮𝟮 (𝗧𝗵𝘂)
𝗔𝗹𝗽𝗶𝗻𝗲 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 @ 𝗜𝗢𝗡 𝗢𝗿𝗰𝗵𝗮𝗿𝗱, 𝗟𝟭 𝗔𝘁𝗿𝗶𝘂𝗺

F1® Weekend is just around the next chicane. Join us to witness the official unveiling of the new Alpine A110 by two-time Formula One World Championship winner Fernando Alonso and winner of the 2021 Hungarian Grand Prix, Esteban Ocon.

Also, clock the fastest lap in our F1® racing simulator during the race week and stand to win autographed Alpine merchandise by the BWT Alpine F1® Team Driver. 🏅

Helping their shareholders beat inflation by increasing dividend payouts.

 

Sheng Siong (SGX: OV8) is a Singapore-grown supermarket chain with 66 outlets in our country. The company has also expanded into China to grow its business further.

For Sheng Siong’s first half of 2022, revenue dipped 0.7% year-on-year to S$676.8 million as COVID-19 measures were lifted earlier this year. The company explained that the easing “led to increased outdoor dining and overseas travel, especially during the June school holidays, which in turn returned sales revenue to more normalised pre-pandemic levels”.

However, despite the lower revenue, Sheng Siong’s net profit rose 2.1% to S$67.5 million for 2022 first-half. This resulted in its net profit margin improving from 9.7% to 10%.

The company has maintained its practice of paying stable dividends. For the latest period, Sheng Siong’s interim dividend per share increased to 3.15 Singapore cents, up 1.6% from 3.10 Singapore cents last year.

Sheng Siong shares are trading at S$1.63 each at the time of writing, translating to a P/E ratio of 18x and a dividend yield of 3.9%.

Consumers chose to dine at home to reduce excessive spending

 

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Analysts positive on Sheng Siong as inflationary pressures rise (13 Jul 2022, The Business Times)

• With rising inflation, Sheng Siong Group will see an increase in demand for its groceries, as consumers switch to more economical home-cooked meals, rather than spend on dining out • The easing of Covid-19 restrictions, which has led to a moderation in demand, will be offset by a boost in inflation-induced demand for the value-for-money supermarket chain, as consumers choose to dine at home to reduce excessive spending

Ascott Residence Trust – Pick-up in demand upon relaxation

 

• No financials provided in this business update. 1Q22 RevPAU grew 22% YoY, currently at 65% of pre-pandemic levels, on the back of higher ADRs and occupancy.
  
  
  
• RevPAU declined 23% QoQ due to tightening of restrictions in Jan-Feb22 in several of ART's key markets due to resurgence of Omicron cases, seasonal lull, as well as three properties transitioning out of government block bookings.
  
  
  
• Maintain ACCUMULATE, DDM-TP raised from S$1.23 to S$1.24. FY22e-26e DPUs raised by 0.3-0.9% as we pencil in acquisition of Japan portfolio of rental housing and student accommodation assets, resulting in a slight increase in our DDM-TP. Catalysts include faster than anticipated recovery, opportunistic divestments and acquisitions of extended stay assets.